CommVault Systems, Inc. (NASDAQ:CVLT) Stock Has Consensus Price Target of $154.50

Key Points

• Analysts rate CommVault Systems “Moderate Buy”, with 10 buy ratings, 10 holds and one strong-buy rating. The average 12-month price target is $154.50, with recent targets ranging from $133 to $182.
• CommVault reported quarterly EPS of $1.42, beating the $1.16 consensus estimate, while revenue reached $314.13 million and rose 11.4% year over year.
• Shares opened at $150.28 and have traded between $71.75 and $178.93 over the past year. Insiders sold $4.2 million of stock in the last 90 days, while institutional investors own 93.5% of the company.

CommVault Systems, Inc. (NASDAQ:CVLT - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-one ratings firms that are covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $154.50.

A number of analysts have issued reports on CVLT shares. DA Davidson set a $175.00 price target on CommVault Systems in a research note on Wednesday, July 29th. Piper Sandler downgraded shares of CommVault Systems from an "overweight" rating to a "neutral" rating and set a $133.00 price objective for the company. in a research note on Tuesday, July 28th. Mizuho increased their price objective on shares of CommVault Systems from $140.00 to $175.00 and gave the stock an "outperform" rating in a report on Wednesday, July 15th. Wall Street Zen raised shares of CommVault Systems from a "hold" rating to a "buy" rating in a research report on Sunday, September 13th. Finally, Truist Financial raised their target price on shares of CommVault Systems from $155.00 to $182.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st.

CommVault Systems Trading Down 3.0%

Shares of CommVault Systems stock opened at $150.28 on Thursday. CommVault Systems has a fifty-two week low of $71.75 and a fifty-two week high of $178.93. The business's fifty day moving average is $139.41 and its two-hundred day moving average is $122.69. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94. The firm has a market cap of $6.23 billion, a PE ratio of 95.72 and a beta of 0.79.

CommVault Systems (NASDAQ:CVLT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.26. The business had revenue of $314.13 million during the quarter, compared to the consensus estimate of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The business's revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share. Analysts anticipate that CommVault Systems will post 2.84 earnings per share for the current year.

Insider Activity at CommVault Systems

In other news, Director A. Shane Sanders sold 476 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $134.19, for a total transaction of $63,874.44. Following the completion of the sale, the director directly owned 8,696 shares of the company's stock, valued at $1,166,916.24. The trade was a 5.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gary Merrill sold 1,854 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $143.64, for a total value of $266,308.56. Following the sale, the chief financial officer owned 70,921 shares of the company's stock, valued at approximately $10,187,092.44. The trade was a 2.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 29,348 shares of company stock valued at $4,202,441 over the last 90 days. 0.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CVLT. Transamerica Financial Advisors LLC acquired a new position in shares of CommVault Systems in the 2nd quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in CommVault Systems during the 2nd quarter worth approximately $27,000. Silvant Capital Management LLC acquired a new stake in CommVault Systems during the 2nd quarter worth approximately $30,000. Northwestern Mutual Wealth Management Co. purchased a new position in CommVault Systems in the second quarter valued at approximately $53,000. Finally, Public Employees Retirement System of Ohio purchased a new position in CommVault Systems in the second quarter valued at approximately $55,000. Institutional investors and hedge funds own 93.50% of the company's stock.

CommVault Systems Company Profile

Commvault Systems, Inc develops data protection, cyber resilience and information management software and services. Its platform helps organizations back up, recover, manage and secure data across on-premises data centers, public and private clouds, software-as-a-service applications and endpoint environments.

The company's offerings include backup and recovery, disaster recovery, cyber-recovery capabilities, ransomware protection, data governance and workload management. Commvault also provides cloud-based services through its Commvault Cloud platform, designed to help customers detect threats, protect critical workloads and restore operations following data loss or cyberattacks.

Commvault serves businesses, government organizations and other institutions worldwide through direct sales, partners and service providers.

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